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$HNI said in 2Q16 it expects sales to be down 4-7%. Office Furniture sales are expected to be down 4-8% and supplies-driven Office Furniture sales are to be up 2% to down 2% or down 1-5% organically. Sales in the remaining Office Furniture businesses are forecast to be down 9-13% against strong prior year comparisons and a challenged China market.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.